TRS the reject shop limited

I have followed this stock, bought in and out for about 3 years...

  1. 1,605 Posts.
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    I have followed this stock, bought in and out for about 3 years and the current share price in my opinion is overbought.... I base this on some basic charting I do, but more so the extreme fluctuations on share price with very low volumes and no news.
    So it clearly shows it is driven by day traders using the stock to make 5-10% gains on a very frequent basis, today is a perfect example. Once this stops, the share price to me looks like it will head back down to the $5 region.
 
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